https://www.taxtmi.com/caselaws?id=99052 A voluntary winding up placed under court supervision remains a voluntary winding up, so the supervisory order under the Companies Act, 1956 does not displace section 490. Because section 490(2) states that remuneration once fixed cannot be increased in any circumstances, the court has no implied power to enhance a liquidator's fee merely due to supervision. The surrounding provisions on supervision, additional liquidators, and court-appointed liquidators do not authorise variation of remuneration, although a reduction may be possible in a suitable case. The legal position is that the fixed remuneration could not be increased after supervision was imposed. en-us Tue, 28 Aug 1973 00:00:00 +0530 Wed, 25 Jan 2012 10:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99052 A voluntary winding up placed under court supervision remains a voluntary winding up, so the supervisory order under the Companies Act, 1956 does not displace section 490. Because section 490(2) states that remuneration once fixed cannot be increased in any circumstances, the court has no implied power to enhance a liquidator's fee merely due to supervision. The surrounding provisions on supervision, additional liquidators, and court-appointed liquidators do not authorise variation of remuneration, although a reduction may be possible in a suitable case. The legal position is that the fixed remuneration could not be increased after supervision was imposed. Case-Laws Companies Law Tue, 28 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99052